You are here

Eversource's Rate Hike is Just Wrong

Here's the bad news: Eversource Energy is proposing a large rate increase, coupled with fees on solar energy and a structure that reduces customer control as well as incentives for cost-saving energy efficiency. You can oppose this right now!

As noted by the Acadia Center and the Massachusetts Attorney General, Eversource is a requesting a large and unprecedented return coupled with automatic revenue increases. To be more specific, Eversource is asking for:

Highest-in-the-region returns on equity of 10.5%, which would increase rewards for overbuild infrastructure rather than utilizing clean energy alternatives

Automatic annual revenue increases of at least 3.5% (roughly $35 million) per year, rather than incentives to improve performance and achieve consumer and clean energy goals